| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Fundamental analysis for precious metals gold - 4/30/2008
The shiny metal retreated yesterday in a strong downside movement which was full in a negative momentum, the thing that helped the gold to breach the strong support level at 886.08, reaching to the lowest point around the critical point at 867.93; technical indicators still shows some reversal signs to the upside because the bullion reached to a oversold area, where the gold might reach the key resistance level at 900.00 once again.
The trading range for today is among the key support level at 845.00 and the key resistance level 911.00.
The general trend remains to the upside as far as 810.00 remains intact, with targets at 1080.00 and 1170.00.
In this topic we are going to review the financial forecast on forex market.
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